Business & Economy

ISLAMABAD, Mar 15 (APP): Owing to increase in Platts Singapore and depreciation of Pak Rupee, the government on Wednesday increased prices of petrol by Rs.5 per liter with effective from March 15, 2023. “In the last fortnight, Platts Singapore prices registered an increase. This along […]

ISLAMABAD, Mar 15 (APP):Meezan Bank, Pakistan’s leading Islamic Bank, has recently signed a Memorandum of Understanding (MoU) with Fieldfisher Capital LLP (FFC) – a multi-disciplinary advisory service, under which both parties will collaborate to provide Shariah advisory services to international clients including, but not limited […]

PESHAWAR, Mar 15 (APP): Directorate of Intelligence & Investigation (Inland Revenue) during a crackdown against fake and illegal cigarettes has recovered 20 cartons of Golden Flake (2,000 cigarette sticks) during a raid at bus stands in Mardan. After the introduction of Track and Trace System […]

TOKYO, March 14 (Xinhua/APP):The Japanese government on Tuesday said it would keep a close eye on financial institutions here following the collapse of two major U.S. banks which sent a shock wave around global markets amid fears more U.S. banks could be set to fail. […]

ISLAMABAD, Oct 6 (APP):As many as 4,498 megawatts (MW) of electricity was added to the Central Power Purchasing Agency (CPPA-G) system during the financial year 2021-22. The said capacity was added to the system through the commissioning of 1,263 MW Trimmu RLNG Power Project, 1,145 […]

Beirut, March 14 (AFP/APP):The Lebanese pound sank to a historic low against the dollar on the parallel market Tuesday, foreign exchange dealers said, as banks in the crisis-hit country resumed an open-ended strike. The Lebanese pound, officially pegged at 15,000 to the dollar, was trading […]

London, March 13 (AFP/APP):The UK arm of failed US lender Silicon Valley Bank has been sold to HSBC for a nominal £1 ($1.2) in a rescue deal, the government and HSBC announced Monday. The deal, overseen by the Bank of England and the Treasury, comes […]

BERLIN,March 13 (AA/APP) –:“Germany will leave the problem of unemployment behind in the next few years,” Scholz told a news conference after a two-day Cabinet meeting at Schloss Meseberg outside Berlin. “There is a lot to do for which we need a lot of women […]

Washington, March 12 (AFP/APP): US Treasury Secretary Janet Yellen on Sunday said the government wanted to avoid financial “contagion” from the implosion of the Silicon Valley Bank but ruled out a bailout of the institution. US regulators on Friday took control of SVB — a […]

ISLAMABAD, Mar 12 (APP): Oil and Gas Development Company Limited (OGDCL) has drilled four exploratory wells and made three discoveries with an expected production potential of 3,007 BPD oil and 2.7 MMCFD gas during the first half of the current fiscal year, ending on December […]